Home / Uncategorized / Roblox sees revenue increase 102% to $ 509 million in Q3 FY21 | Pocket Gamer.biz

Roblox sees revenue increase 102% to $ 509 million in Q3 FY21 | Pocket Gamer.biz

Roblox released its financial results for the third quarter of 2021, revealing that revenue increased 102 percent year over year to $ 509 million.

The average daily users saw a 31 percent increase to 47 million, and the number of hours users spent using Roblox reached 11.2 billion.

This was an increase of 28% over the previous year.

“Commitment is our north star. We’re thrilled that people of all ages from around the world chose to spend over 11 billion hours with Roblox in the third quarter, ”said David Baszucki, Roblox CEO.

“We’re excited to announce that the developer community made over $ 130 million in the quarter and will make well over $ 500 million this year. When we finish in 2021 and move into 2022, we will continue to invest in innovative technology so that our developer community can do what it does best – build and create. “

Compared to the third quarter of 2020 there was a 28% increase in bookings for the quarter to $ 638 million; the average bookings per average user per day reached $ 13.49.

By contrast, the net loss at Roblox was $ 74 million attributable to common stockholders in the third quarter of 2021.

Growing key figures

Net cash flow from operating activities was $ 181 million and free cash flow increased 7 percent to $ 171 million compared to the third quarter of 2020.

“Growth in all of our core metrics – DAUs, hours and bookings – showed strong year-over-year growth, although the Covid-hit periods and back-to-school seasonality overlap,” said Michael Guthrie, Roblox CFO.

“Despite considerable investments in the profitability of developers and the hiring of employees, we have also generated a healthy cash flow from the operating business. Based on our October results, we seem to be off to a good start into the final quarter of the year. “

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